Brookfield Infrastructure Correlations

BIP Stock

USD 35.29 0.15 0.43%

The current 90-days correlation between Brookfield Infrastructure and Companhia de Saneamento is 0.04 (i.e., Significant diversification). The correlation of Brookfield Infrastructure is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Brookfield Infrastructure Correlation With Market

Good diversification

The correlation between Brookfield Infrastructure Part and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brookfield Infrastructure Part and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Brookfield Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brookfield Infrastructure Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving against Brookfield Stock

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0.32	CMSA	CMS Energy Corp	Pair Corr
0.31	TLN	Talen Energy	Pair Corr
0.46	LFEV	Life Electric Vehicles	Pair Corr
0.36	GLPI	Gaming Leisure Properties	Pair Corr

Related Correlations Analysis

	SBS	KEP	SMR	LNT	EMA	AES	EVRG	TLN	ELPC	NI
SBS		0.23	-0.1	0.34	0.03	0.05	0.27	-0.24	0.67	0.32	SBS
KEP	0.23		-0.5	0.02	0.58	0.3	0.07	-0.32	0.58	0.3	KEP
SMR	-0.1	-0.5		0.39	-0.38	-0.08	0.58	0.52	-0.07	0.28	SMR
LNT	0.34	0.02	0.39		0.1	-0.03	0.91	0.27	0.25	0.84	LNT
EMA	0.03	0.58	-0.38	0.1		0.49	0.07	-0.02	0.15	0.31	EMA
AES	0.05	0.3	-0.08	-0.03	0.49		0.01	0.15	0.23	0.28	AES
EVRG	0.27	0.07	0.58	0.91	0.07	0.01		0.29	0.33	0.85	EVRG
TLN	-0.24	-0.32	0.52	0.27	-0.02	0.15	0.29		-0.26	0.23	TLN
ELPC	0.67	0.58	-0.07	0.25	0.15	0.23	0.33	-0.26		0.48	ELPC
NI	0.32	0.3	0.28	0.84	0.31	0.28	0.85	0.23	0.48		NI
	SBS	KEP	SMR	LNT	EMA	AES	EVRG	TLN	ELPC	NI

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

EVRG	+ 0.91	LNT
NI	+ 0.85	EVRG
NI	+ 0.84	LNT
ELPC	+ 0.67	SBS
EMA	+ 0.58	KEP
ELPC	+ 0.58	KEP

High negative correlations

SMR	- 0.5	KEP
EMA	- 0.38	SMR
TLN	- 0.32	KEP
ELPC	- 0.26	TLN
TLN	- 0.24	SBS
SMR	- 0.1	SBS

Risk-Adjusted Indicators

There is a big difference between Brookfield Stock performing well and Brookfield Infrastructure Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Brookfield Infrastructure's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SBS	1.52	0.18	0.07	0.45	1.93	(1.74)	3.76	(4.23)	10.23
KEP	2.45	0.56	0.18	(4.07)	2.38	(2.71)	6.12	(4.09)	18.59
SMR	5.21	(0.94)	0.00	(1.74)	0.00	0.00	8.81	(11.50)	27.03
LNT	0.61	(0.04)	0.00	(0.13)	0.00	0.00	1.19	(1.29)	4.27
EMA	0.62	0.06	(0.04)	(0.11)	0.78	(0.63)	1.35	(1.21)	4.23
AES	1.36	0.01	0.01	0.08	1.47	(1.50)	3.14	(2.47)	8.82
EVRG	0.72	(0.04)	0.00	(0.08)	0.00	0.00	1.19	(1.31)	4.29
TLN	2.70	(0.10)	0.00	(0.20)	0.00	0.00	5.61	(4.99)	23.12
ELPC	2.15	0.27	0.08	0.40	2.78	(2.20)	4.74	(4.17)	13.36
NI	0.80	(0.01)	(0.05)	0.04	1.03	(0.78)	1.44	(1.62)	4.36

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